Biden is Likely To Increase Contracting Opportunities for Small and Minority-Owned Businesses

Source: govexec.com

The campaign outlined a $400 billion plan “to support small businesses and tackle inequities in the federal contracting system.”

The incoming Biden administration is likely to increase contracting opportunities for small and minority-owned businesses.

President-elect Biden will take office in less than one month and his transition website states that tackling climate change, racial inequalities, the coronavirus pandemic and economic recession will be his main priorities, all of which could involve federal contracting.

“I think we’re going to see more regulation generally promoting competition and furthering the socioeconomic policies of the new administration, which is different in many respects from the current administration,” Andy Howard, partner in the law firm Alston and Bird’s government contracts group, told Government Executive. Biden is widely expected to revoke President Trump’s executive order that required two regulations to be eliminated for every new one issued, which could allow for more regulations policing contracting.

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